FACTBASEDINVESTING.COM - AFTER MARKET UPDATE

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AFTER MARKET UPDATE - FRIDAY, JANUARY 8TH, 2016

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Indices				NYSE			Nasdaq
DOW	-167.65	16,346.45	-1.02%	Volume	1,088,160,980	-5%	Volume	2,093,591,760	-11%
NASDAQ	-45.80	4,643.63	-0.98%	Advancers	981	32%	Advancers	900	30%
S&P 500	-21.06	1,922.03	-1.08%	Decliners	2,084	68%	Decliners	2,086	70%
Russell 2000	-18.36	1,046.20	-1.72%	52 Wk Highs	20		52 Wk Highs	14
S&P 600	-10.50	623.42	-1.66%	52 Wk Lows	473		52 Wk Lows	331

Indices Erased Gains and Continued Losing Streak
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
For the week, the Dow dropped 6.2%, the S&P 500 declined 6% and the NASDAQ Composite fell 7.3%. Stocks finished down on Friday. The Dow dropped 168 points to 16346. The S&P 500 declined 21 points to 1922. The NASDAQ Composite was 46 points lower at 4643. It was only slightly encouraging that volume totals were lighter than the prior session on the NYSE and on the Nasdaq exchange, indicating less selling from the institutional crowd. Breadth was negative as decliners led advancers by more than 2-1 margin on the NYSE and on the Nasdaq exchange. Leadership remained thin as there were 5 high-ranked companies from the Leaders List that made new 52-week highs and were listed on the BreakOuts Page, up from 3 on the prior session. There were losses for 3 of the 4 high-ranked companies currently on the Featured Stocks Page. The new 52-week lows totals again solidly outnumbered new 52-week highs on the NYSE and on the Nasdaq exchange.

Charts used courtesy of www.stockcharts.com

PICTURED: The Nasdaq Composite Index has slumped well below its 50-day and 200-day moving average (DMA) lines. It ended -11.2% off its record high after suffering a 7th consecutive damaging loss.

The fact-based investment system always prompts investors to reduce exposure by selling faltering stocks in weak markets. New leadership (stocks hitting new highs) has become elusive as the major averages (M criteria) resumed their previously noted "correction" and distributional pressure from the institutional crowd brought widespread damage to stocks. This is a good time to keep a watchlist of the strongest stocks, meanwhile, preserving cash and reducing risk until a new confirmed rally is finally noted.

The major averages ended a choppy session in negative territory as fears over China picked up and oil turned lower heading into the weekend. The uncertainty surrounding the slowdown of the world’s second largest economy and weakness in energy prices overshadowed a positive jobs report. Before the open, the Labor Department said nonfarm payrolls rose 292,000 in December, well above the consensus forecast of 200,000. The November reading was also revised higher by 41,000 workers to 252,000.

All 10 S&P 500 sectors were down on the session. Financials, health care and energy were the worst performing groups with losses at more than -1.4%. Generic drug maker Endo Pharmaceuticals (ENDO -4.58%) slumped. Shares of Citigroup (C -3.01%) and Exxon (XOM -2.02%) were down. Apple (AAPL +0.53%) snapped its losing streak with a small gain. FedEx (FDX +0.09%) fought against the widespread weakness for a tiny gain after European regulators approved its merger with TNT Express.

Treasuries advanced with the 10-year note up 8/32 to yield 2.12%. In commodities, NYMEX WTI crude fell 1.1% to $32.91/barrel. COMEX gold slipped 0.4% to $1103.20/ounce.

The Featured Stocks Page includes most current notes with headline links for access to more detailed letter-by-letter analysis including price/volume graphs annotated by our experts. See the Premium Member Homepage for archives to all prior pay reports.

Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.

Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities.

Financial, Retail, Tech and Commodity-Linked Groups Fell
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Broker/Dealer Index ($XBD -1.27%) and Bank Index ($BKX-1.96%) both suffered losses and had a negative influence on the major averages again while the Retail Index ($RLX-1.87%) also continued to fall. The tech sector slipped further as the Semiconductor Index ($SOX -1.60%), Biotechnology Index ($BTK -1.44%), and the Networking Index ($NWX -1.14%) ended unanimously lower. Commodity-linked groups rounded out the widely negative session as the Oil Services Index ($OSX -1.74%), Integrated Oil Index ($XOI -1.76%), and the Gold & Silver Index ($XAU -2.81%) fell.

Charts courtesy www.stockcharts.com

PICTURED: The Retail Index ($RLX-1.87%) gapped down below its 50-day moving average (DMA) line on Monday. It violated its 200 DMA line with Friday's 7th straight decline.

Industry Index	Symbol	Close	Change	% Change	YTD % Change

Help Available For You in Making Fact-Based Buy/Sell Decisions With Greater Success
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

There are few stocks included on the Featured Stocks list now and none of the companies need additional review. At times like these we have an opportunity to look back. In the past we reviewed Ambarella (AMBA) on 9/03/15 and Skyworks (SWKS) on 9/17/15.

Previously featured stocks which were dropped can serve as great educational examples of the investment system's tactics. Some are vivid reminders that all high-ranked leaders eventually fall out of favor.

If you wish to request for a specific stock to receive more detailed coverage in this section please use the inquiry form to submit your request. Thank you!

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Color Codes Explained :
Y - Better candidates highlighted by our staff of experts.
G - Previously featured in past reports as yellow but may no longer be buyable under the guidelines.

***Last / Change / Volume data in this table is the closing quote data***

Symbol/Exchange Company Name Industry Group	PRICE	CHANGE (%Change)	Day High	Volume (% DAV) (% 50 day avg vol)	52 Wk Hi % From Hi	Featured Date	Price Featured	Pivot Featured
								Max Buy
HAWK - NASDAQ Blackhawk Network Inc DIVERSIFIED SERVICES - Business/Management Services	$41.16	-0.63 -1.51%	$42.76	450,048 106.14% of 50 DAV 50 DAV is 424,000	$48.40 -14.96%	11/25/2015	$47.63	PP = $47.07
								MB = $49.42
Most Recent Note - 1/8/2016 5:52:51 PM Slumped to a close just below its 200 DMA line ($41.44). It may likely find support near that important long-term average, but it faces resistance due to overhead supply up through the $48 level. It will be dropped from the Featured Stocks list tonight. Disciplined investors will note that a proper buy signal was not triggered since first featured in yellow in the 11/25/15 mid-day report. >>> FEATURED STOCK ARTICLE : Still Sputtering Near 50-Day Moving Average Line - 12/30/2015 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
STMP - NASDAQ Stamps.com Inc INTERNET - Internet Software and Services	$100.77	-0.94 -0.92%	$102.69	371,731 105.01% of 50 DAV 50 DAV is 354,000	$114.26 -11.81%	11/6/2015	$100.75	PP = $88.97
								MB = $93.42
Most Recent Note - 1/8/2016 5:46:13 PM G - Losses this week are testing its 50 DMA line ($99.57) which was previously noted as important near-term support to watch. >>> FEATURED STOCK ARTICLE : Consolidation Was Brief Following Prior Breakaway Gap - 12/28/2015 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
LXFT - NYSE Luxoft Holding Inc Cl A Comp Sftwr-Spec Enterprs	$68.08	-3.22 -4.52%	$72.35	337,332 144.16% of 50 DAV 50 DAV is 234,000	$80.64 -15.58%	10/22/2015	$66.65	PP = $68.95
								MB = $72.40
Most Recent Note - 1/8/2016 5:43:46 PM G - Suffered another damaging loss on higher volume today raising concerns. Violated its 50 DMA line with a volume-driven loss on 1/04/16 triggering a technical sell signal. A rebound above its 50 DMA line is needed for its outlook to improve. >>> FEATURED STOCK ARTICLE : Still Consolidating Above 50-Day Moving Average Line - 12/31/2015 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
VBTX - NASDAQ Veritex Holdings Inc BANKING - Regional - Southwest Banks	$16.73	+0.13 0.78%	$16.91	17,343 86.72% of 50 DAV 50 DAV is 20,000	$17.95 -6.80%	11/4/2015	$17.00	PP = $18.05
								MB = $18.95
Most Recent Note - 1/8/2016 5:48:51 PM Y - Posted a small gain today amid widespread weakness and closed just above its 50 DMA line($16.72). Found support near its 200 DMA line and prior lows in the $15.50 area. Members were reminded - "A volume-driven breakout above its pivot point is still needed to trigger a proper technical buy signal." See the latest FSU analysis for more details and an annotated graph. >>> FEATURED STOCK ARTICLE : Met Resistance Due to Overhead Supply When Rebounding - 1/5/2016 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I

THESE ARE NOT BUY RECOMMENDATIONS! Comments contained in the body of this report are technical opinions only. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. This site is not an investment advisor, hence it does not endorse or recommend any securities or other investments. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. All trademarks, service marks and trade names appearing in this report are the property of their respective owners, and are likewise used for identification purposes only.

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